Video updates

Bite-sized video updates on the New Zealand economy and markets.

Weekly Economic Insight Video

3 July:

New survey details have revealed that people plan to spend up on bars, restaurants and home entertainment, but less so on domestic tourism or durable goods. Meanwhile, the farm sector has weathered the Covid storm very well, but won’t be unscathed forever.

26 June:

The winds of political opinion have clearly shifted. It now seems like it will be longer before international visitors are allowed to return to our shores, and that means more prolonged fallout for the tourism industry. Meanwhile, the data suggests fewer people have been laid off than expected. Instead, many firms have reduced workers’ pay and/or hours.

Agri Economic Insight Video

We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.

3 July:

So far in 2020, the meat sector has been the proverbial meat in the sandwich, caught between the drought on one side and Covid on the other. However, more recently, these pressures have eased and meat prices have stabilised and begun to rise. And while the global recession and covid pandemic still loom large, we anticipate that the meat sector is relatively well-placed to weather the coming storms.

19 June:

Overall, the COVID impact on the agriculture sector has been relatively moderate. This fact stems from the “essential service” classification for agriculture and the broader fact that global food demand has held up relatively well as households, ports and governments alike have prioritised the delivery, purchase and consumption of food.